Aston Martin Lagonda (AML) will sell its stake in the Aston Martin Formula 1 team but remain title sponsor, as part of an equity raise aimed at generating over $160 million. The car company

Aston Martin is selling its stake in the Aston Martin Formula One team to focus on revitalizing its core automotive business, while team owner Lawrence Stroll has doubled down on his commitment with a fresh round of investment.

Aston Martin will sell its Formula One team stake to help raise cash as Lawrence Stroll's Yew Tree consortium prepares to hand the luxury carmaker another liquidity injection.